Distributed workforces have become an increasingly viable option for companies over the past few years, with employers more willing to tap talent from around the globe in response to accelerated labor demands. The nearly $16 billion HR software market is taking note, along with investors.
Oyster, an HR platform aimed at distributed workforces, announced Wednesday that it has surpassed a $1 billion valuation after closing a $150 million Series C round led by Georgian. Other backers include Salesforce Ventures, Base10 Partners Advancement Initiative, Okta, LinkedIn, and Endeavor Catalyst, as well as returning investors Stripes and Emergence Capital.
